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Malta

Article | May 6, 2012 - 10:53pm

Air Malta plans to restore its twice weekly service to the Libyan port of Benghazi from 29 May. Daily flights to the Libyan capital of Tripoli have already resumed.

Article | March 25, 2012 - 8:44pm

The ailing flag carrier Air Malta hitherto had no plans of further reducing its routes, the airline said last week, timesofmalta.com reported.

Article | March 4, 2012 - 10:14pm

At a time when most European economies are struggling to level the non-performing assets of the banking sector, HSBC Bank Malta recently revealed a cautioning picture. 

Article | February 27, 2012 - 4:11pm

The European Commission has insisted that there is no justification to continue to allow bird trapping in Malta and has threatened to take the country back before the European Court of Justice.

Article | February 19, 2012 - 10:11pm

Maltese industrial production suffered the steepest plummet in the EU in December, the latest figures from the EU statistical office Eurostat showed. Compared to November, Maltese industrial production plummeted by 2.9% in December. 

Article | February 14, 2012 - 12:39pm

Credit rating agency (CRA) Moody's decided on 13 February to downgrade the sovereign ratings of Italy, Malta, Portugal, Slovakia and Slovenia by a notch and Spain by two, while warning Austria, France and the UK that they may lose their coveted AAA ratings.

Article | February 12, 2012 - 10:36pm

Data published last week by the EU’s statistical office Eurostat showed Malta, along with Italy, ranked among the member states that had registered a decrease in their debt to GDP ratio at the end of the third quarter of 2011. 

Article | February 5, 2012 - 8:46pm

The Maltese flag carrier last refuted the claims made by the Maltese labour party regarding discriminatory practices of the management. According to the labour officials, those employees who work for reduced hours are being subjected to discrimination.

Article | January 29, 2012 - 7:24pm

Finally there’s some hint of light at the end of tunnel. The EU last week gave a cautious nod to Air Malta’s restructuring plan, aimed at keeping the ailing flag carrier afloat.

Article | January 11, 2012 - 3:43pm

On 11 January, the European Commission concluded that Hungary has not made sufficient progress towards a timely and sustainable correction of its excessive budgetary deficit and recommended that the Council of Ministers decides that no effective action has been taken to bring the deficit below 3% of GDP in a sustainable manner.

Article | December 18, 2011 - 6:31pm

Malta’s industrial production increased marginally in October, the latest set of data from the Maltese National Statistics Office (NSO) showed last week. The NSO figures showed industrial production in the island nation increased by 0.6% year-on-year in October. 

Article | December 18, 2011 - 6:30pm

The General Workers’ Union or GWU last week voiced its discontent over the new policies adopted by the current Air Malta management saying these are mostly nepotistic and tailored to serve the management’s goal of offloading the payroll.